Stock futures were relatively stable after the S&P 500 closed at a record high in September. The Dow Jones and Nasdaq futures were slightly down, following Federal Reserve Chair Jerome Powell’s comments that the central bank is not following a preset course for rate policy. Despite September typically being a tough month for stocks, all major averages ended the month in positive territory. Investors are now awaiting the nonfarm payrolls report on Friday, while also monitoring a potential strike by the International Longshoremen’s Association. Economic data releases scheduled for the week include the Job Openings and Labor Turnover Survey, as well as Manufacturing PMI readings.
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